Giro d'Italia director suspended during fraud inquiry

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Giro d'Italia director suspended during fraud inquiry

Giro d'Italia director Michele Acquarone has been suspended from his position during an investigation into the alleged misappropriation of at least US$17.7 million at RCS Sport, which organizes the race.

Giro d'Italia officials confirmed the suspension today after it was first reported by financial newspaper Milano Finanza.

Milano Finanza says Acquarone - who is also the CEO of RCS Sport - and former RCS Sport CEO Giacomo Catano have each been given "precautionary rather than disciplinary" suspensions during the inquiry.